Source item
Open original source ↗Now this is unusual.
Nancy Pelosi has disclosed up to $1 million investment in REOF XXX, LLC, a private LLC acquiring and managing 225 Bush Street, a 25-floor San Francisco office tower.
Let's take a look at this trade. https://t.co/hlqk7RBVPv
It's her third "REOF" LLC buy since 2024:
- Aug 2024: REOF XXVI, up to $500,000 (spouse)
- Jul 2026: REOF XXV, up to $1 million
- Sep 2026: REOF XXX, up to $1 million
That's up to $2.5 million across the three.
The building last sold for $350 million in 2014. Its $350 million mortgage went into default in November 2024.
The public can't buy into these LLCs.
But two REITs offer broad exposure to Bay Area commercial real estate:
$HPP: ~59% of its portfolio is in the Bay Area
$KRC: ~38%
See them on Unusual Whales: https://t.co/d6DFEKs9sX
4 segments
Segment 1 · characters 0–245 · Original segment ↗
Segment 2 · characters 247–458 · Original segment ↗
Segment 3 · characters 460–609 · Original segment ↗
Segment 4 · characters 611–793 · Original segment ↗